Vale S.A. (NYSE:VALE) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in Vale S.A. (NYSE:VALE - Free Report) by 31.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 300,711 shares of the basic materials company's stock after acquiring an additional 72,551 shares during the period. Ritholtz Wealth Management's holdings in Vale were worth $3,001,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VALE. Stephens Inc. AR purchased a new stake in Vale in the fourth quarter valued at approximately $188,000. Blue Trust Inc. boosted its holdings in Vale by 41.0% in the fourth quarter. Blue Trust Inc. now owns 24,628 shares of the basic materials company's stock valued at $218,000 after acquiring an additional 7,159 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Vale during the fourth quarter valued at about $97,000. State of New Jersey Common Pension Fund D increased its position in Vale by 63.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 793,898 shares of the basic materials company's stock worth $7,042,000 after purchasing an additional 308,679 shares in the last quarter. Finally, Truist Financial Corp lifted its position in Vale by 18.2% during the fourth quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock valued at $299,000 after buying an additional 5,189 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company's stock.

Wall Street Analyst Weigh In

VALE has been the topic of a number of research reports. CICC Research began coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 target price on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a research note on Thursday, April 17th. UBS Group lowered their target price on Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wall Street Zen initiated coverage on Vale in a research report on Wednesday, May 7th. They set a "hold" rating on the stock. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and increased their price objective for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.04.

Vale Stock Down 0.7%

VALE traded down $0.07 during trading on Thursday, hitting $9.29. The company had a trading volume of 32,754,096 shares, compared to its average volume of 31,353,397. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 0.74. The company has a market cap of $42.14 billion, a PE ratio of 6.73, a P/E/G ratio of 0.30 and a beta of 0.76. The business has a 50-day moving average of $9.45 and a 200-day moving average of $9.39.

Vale (NYSE:VALE - Get Free Report) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 15.54% and a return on equity of 17.65%. As a group, analysts forecast that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.